Hedge funds continue to add to S&P500 exposure

Hedge funds continue to favor the S&P500 over commodities, the US Dollar or 10-yr treasuries according to the latest hedge fund data from Bank of America Merrill Lynch Global Research. The investible Hedge Fund Composite Index was up 1.09% till date for October, compared to a price return of up 3.85% for the S&P500 index for the same period.

In terms of strategies, Equity Long Short and CTA advisors performed the best......................